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US Dollar Nears One-Month High as CPI Supports Fed Pause; Bitcoin Surges to Two-Month Peak

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The Story

News Summary

  • The US dollar gained near a one-month high after CPI data aligned with estimates, supporting expectations of the Fed holding rates.
  • Yen weakened on potential snap elections.
  • Bitcoin rose to a two-month high amid subdued currency volatility ahead of key Chinese trade data.
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EURUSD price history

1.15 -1.71% over the displayed period

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